8-KLeadership ChangesExhibits & Filings

CARPENTER TECHNOLOGY CORP 8-K Report, Executive Changes (Aug 13, 2025)

Filed August 13, 2025For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) announced significant leadership changes, primarily focused on the transition of its Board of Directors. I. Martin Inglis, the long-serving Chairman of the Board, will retire after 22 years of service and will not seek re-election at the upcoming 2025 Annual Meeting of Stockholders. This retirement is amicable and not driven by any disagreements with the company. In light of Mr. Inglis's retirement, the Board has appointed current President and CEO, Tony R. Thene, to also assume the role of Chairman of the Board. Concurrently, Steven M. Ward has been appointed as Lead Independent Director. Furthermore, Brian J. Malloy, previously Senior Vice President and Chief Operating Officer, has been appointed as President and Chief Operating Officer. These appointments are effective immediately prior to the 2025 Annual Meeting. The dual role of CEO and Chairman for Mr. Thene suggests a focus on continuity and unified leadership during this transition period.

Key Highlights

  • 1I. Martin Inglis to retire as Chairman of the Board after 22 years; retirement is amicable.
  • 2Tony R. Thene, current President and CEO, appointed as Chairman of the Board.
  • 3Steven M. Ward appointed as Lead Independent Director.
  • 4Brian J. Malloy appointed as President and Chief Operating Officer.
  • 5Key leadership appointments effective immediately prior to the 2025 Annual Meeting on October 7, 2025.
  • 6The company has filed a press release as an exhibit to this 8-K detailing these changes.

Frequently Asked Questions

The main changes involve the retirement of Chairman of the Board, I. Martin Inglis, who will not seek re-election. Tony R. Thene, currently CEO, will also become Chairman. Brian J. Malloy has been appointed as President and COO, and Steven M. Ward will serve as Lead Independent Director.

Mr. Inglis is retiring after 22 years of service and has decided not to stand for re-election. The company stated that his decision is not due to any disagreement regarding the Company's operations, policies, or practices.

The appointments of Tony R. Thene as Chairman, Steven M. Ward as Lead Independent Director, and Brian J. Malloy as President and COO are all effective immediately prior to the Company's 2025 Annual Meeting of Stockholders, which is expected to be held on October 7, 2025.

Yes, Mr. Thene will continue to serve as the Company’s Chief Executive Officer in addition to his new role as Chairman of the Board. This suggests a strong focus on unified leadership from Mr. Thene.